Unstructured Finance

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Our report that the money-losing smartphone maker went to China in February in an attempt to sell itself to telecom/tech titan Huawei Technologies makes perfect sense. The mystery is that the talks appeared to go nowhere. Huawei and ZTE, the two big Chinese telecom equipment makers, both have money and ambition and would only be helped by a well-known brand like Palm, right?

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If you want to take a bite out of Apple’s piece of the staggeringly huge (but difficult to quantify in $$$ terms) smartphone market pie, you’d better either have the magical new “thing” or be willing to spend to buy it.